CrowdStrike, Palo Alto Double As AI Cybersecurity Trade Begins

The AI boom has created an unusual second-order trade: investors are no longer betting only on who builds the models and chips, but also on who protects the systems those technologies create. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and Palo Alto Networks, Inc. (NASDAQ:PANW) have both more than doubled in six months, suggesting Wall Street is already pricing cybersecurity as part of the AI infrastructure stack.